Share

Watchdog: Follow the Money

Miss. man indicted in $9 million bankruptcy fraud

|
News,Business,Watchdog,Follow the Money

JACKSON, Miss. (AP) — A Jackson man has been indicted on charges that he allegedly stole more than $9 million from his bankrupt business.

William "Butch" Dickson faces charges in U.S. District Court.

Authorities allege that after Community Home Financial Services filed for Chapter 11 bankruptcy protection, Dickson wired nearly $9.1 million from the mortgage company's accounts, mostly to a bank in Panama.

Court papers say the bankruptcy trustee in charge of protecting funds for the mortgage company's creditors demanded the 58-year-old Dickson return the money but he didn't comply.

It's unclear whether Dickson has a lawyer.

The U.S. attorney's office says he was expelled from Panama on March 12 and arrested on his return to the United States.

Dickson is jailed in Mississippi without bond. A court date hasn't been set.

View article comments Leave a comment